All Forum Posts by: Chris Tran

$500/mo net cashflow is very unrealistic unless you're buying properties with very large down payments or with cash.

Largest unexpected costs usually revolve around tenant move-out repairs/cleaning above and beyond the security deposit. Everything else can and should be accounted for, barring catastrophic incidents. 

Agreed with @Account Closed. Paying for a mentor is the absolute worst decision. Read books, get out and network, and research potential markets you're interested in.

Focus your time on analyzing deals within your market and jump on something that makes sense. Even if you lose a bit of money on your first deal, you'll still learn way more than any guru could teach out, and you'll still have a property to boot.

Lots of factors so it's not as cut and dry as some of you make it out to be. For sure that the most cost effective thing to do is to buy a $10-15k, 3-4 year old low mile used car in cash, but that's not the be all end all.

We have a young kid so safety is the most important thing to us. That means at the very least we're gonna have one newer car to take advantage of the latest and greatest safety measures. Yes, our brand new leased SUV was a lot more expensive than the 3 year old used model, but the active safety tech has already prevented one accident so that makes it completely worth it. 

We also live in CA where the incentives make it absurdly cheap to lease EV's. We have a Fiat 500 for work commutes. Show me a better deal than a $100 per month EV. 

Also, check out leasehackr.com. Got all my leases based on deals there, not as cheap as buying a $15k car outright, but there are some stupidly good deals to be had.